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CBS and TIME WARNER to merge (speculation)
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Obveeus
Apr 22, 2013, 8:34:31 AM4/22/13
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Here is the article:
http://www.bloomberg.com/news/2013-04-21/time-warner-cbs-seen-candidate-for-merger-real-m-a.html
It looks more like an attempt to push CBS' stock price skyward than it does
a foreshadowing of merger to come, but stranger things have happened.
Noted in the article, though, are these interesting tidbits:
Sumner Redstone, majority stockholder in CBS, has assigned his shares to a
board of trust management system upon his death. That board will include
the Viacom CEO Philippe Dauman and Redstone's daughter, but it will not
include Les Moonves. However, Moonves is expected to become the CBS
chairman of the board when Redstone dies.
The article also notes that Moonves' employment contract (President and CEO
of CBS) ends in 2017 and Jeffrey Bewkes' contract (President and CEO of Time
Warner) expires six months later.
http://www.bloomberg.com/news/2013-04-21/time-warner-cbs-seen-candidate-for-merger-real-m-a.html
It looks more like an attempt to push CBS' stock price skyward than it does
a foreshadowing of merger to come, but stranger things have happened.
Noted in the article, though, are these interesting tidbits:
Sumner Redstone, majority stockholder in CBS, has assigned his shares to a
board of trust management system upon his death. That board will include
the Viacom CEO Philippe Dauman and Redstone's daughter, but it will not
include Les Moonves. However, Moonves is expected to become the CBS
chairman of the board when Redstone dies.
The article also notes that Moonves' employment contract (President and CEO
of CBS) ends in 2017 and Jeffrey Bewkes' contract (President and CEO of Time
Warner) expires six months later.
Message has been deleted
Tony Calguire
Apr 22, 2013, 8:12:27 PM4/22/13
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"Obveeus" <Obv...@aol.com> wrote in news:kl3aj1$uko$1...@dont-email.me:
>
> Sumner Redstone, majority stockholder in CBS, has assigned his shares
> to a board of trust management system upon his death. That board will
> include the Viacom CEO Philippe Dauman and Redstone's daughter, but it
> will not include Les Moonves. However, Moonves is expected to become
> the CBS chairman of the board when Redstone dies.
>
These companies have merged and broken up so many times-- AOL, Warner
Bros., Time-Life, Time-Warner Cable, Turner, Viacom, and CBS-- I have no
idea which business would be merging with which other business.
>
> Sumner Redstone, majority stockholder in CBS, has assigned his shares
> to a board of trust management system upon his death. That board will
> include the Viacom CEO Philippe Dauman and Redstone's daughter, but it
> will not include Les Moonves. However, Moonves is expected to become
> the CBS chairman of the board when Redstone dies.
>
Bros., Time-Life, Time-Warner Cable, Turner, Viacom, and CBS-- I have no
idea which business would be merging with which other business.
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